Professional Documents
Culture Documents
Entrepreneurship
Development
Background Entrepreneurship development (ED) refers
to the process of enhancing entrepreneurial
skills and knowledge through structured
A worldwide consensus on the critical role of training and institution-building programmes.
competitive markets and entrepreneurs in ED aims to enlarge the base of entrepreneurs in
economic development has emerged in the last order to hasten the pace at which new ventures
decade. In developing countries, the primary are created. This accelerates employment
barrier to economic growth is often not so generation and economic development.
much a scarcity of capital, labour or land as it
is a scarcity of both the dynamic entrepreneurs Entrepreneurship development focuses on the
that can bring these together and the markets individual who wishes to start or expand a
and mechanisms that can facilitate them in this business. Small and medium enterprise (SME)
task. development, on the other hand, focuses on
developing the enterprise, whether or not it
Concept employs or is led by individuals who can be
considered entrepreneurial. Furthermore,
Entrepreneurship can be defined as the entrepreneurship development concentrates
more on growth potential and innovation than
process of using private initiative to transform
SME development does. However, many of the
a business concept into a new venture or to
lessons learned from experiences in both types
grow and diversify an existing venture or
of development are similar.
enterprise with high growth potential.
Entrepreneurs identify an innovation to seize
an opportunity, mobilize money and This note on entrepreneurship development
management skills, and take calculated risks to complements reviews of evaluation-based
open markets for new products, processes and lessons that appear in two other issues of
services. Essentials: one on small and medium enterprise
development (no. 1), the other on microfinance
(no. 3).
family environment which is oriented towards
Lessons Learned business.
Selected Readings
• Bygrave, W. D., The portable MBA in entrepreneurship, John Wiley & Sons, Inc., 1994.
• Committee of Donor Agencies for Small Enterprise Development, papers presented at the international
conference on building a development services industry for small enterprises, Rio de Janeiro, March
1999.
• Drucker, P., Innovation and entrepreneurship: practice and principles, New York, Harper & Row
Publishers, 1985.
• Gibson, A., "The Empretec Ghana Foundation – a broad product portfolio organization", Small
Enterprise Development, London, Intermediate Technology Publications (ITP), June 1999.
• International Journal, London, ITP.
• Kauffman Center for Entrepreneurial Leadership, Global entrepreneurship monitor 1999 executive
report, 1999.
• Lalkaka, R., and Lalkaka, D., Innovation and entrepreneurship under conditions of global change,
International Conference on Management of Technology, Cairo, 1999.
• Louks, K., Training entrepreneurs for small business creation: lessons from experience, Geneva, ILO,
1988.
• Organization for Economic Co-operation and Development (OECD), Fostering entrepreneurship,
Policy Brief No. 9, www.oecd.org/publications, 1998.
• Pareek, U., and Rao, T. V., eds., Developing entrepreneurship: handbook, Indian Institute of
Management (IIM), Ahmedabad, 1978.
• Sexton, D. L. and Smilor, R. W., Entrepreneurship 2000, Chicago, Upstart Publishing Co., 1997.
• Tomecko, J. and Kolshorn, R., "Promoting entrepreneurship – the CEFE method", Small Enterprise
Development, London, ITP, December 1996.
• United Nations, Economic and Social Council (ECOSOC), Committee on Transnational Corporations,
Report by the UNCTAD Secretariat: entrepreneurship and enterprise development, Geneva, May 1994.
• UNCTAD, The Empretec Programme in selected Latin American countries: an assessment.
• UNDP, Results-oriented monitoring and evaluation: handbook for programme managers, New York,
1997.
• World Bank, Lending for small enterprises 1989-1993, Webster, Riopelle and Chidzero.
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